Emerging opportunities and growth prospects in the south korean travel intermediaries industry, analyses and forecasts to 2016
Emerging Opportunities and Growth Prospects in the South Korean TravelIntermediaries Industry, Analyses and Forecasts to 2016Factors such as South Korea’s developing economy and easing of restrictions on movementare both supporting the growth of travel and tourism in South Korea. South Korea is one ofthe most attractive countries for inbound and outbound tourism businesses in the world.The country was the seventh-largest inbound tourism destination by volume in the Asia-Pacific region in 2011. Rising tourist volumes and subsequent growth in the South Koreantravel intermediaries industry can be attributed to various drivers including the country’srobust economic growth, government initiatives to promote tourism and tourism-relatedactivities, increasing volume of business activities, and high internet penetration thatencourages the growth of buying travel and tourism services online.ScopeThis report provides an extensive analysis of the travel intermediaries industry in SouthKoreaIt provides historical and forecast market sizes for the South Korean travel intermediariesindustryIt offers detailed analysis of the factors driving the growth of the travel intermediariesindustry in South Korea including demand drivers such as total tourist volume, touristvolume by type, spending patterns of domestic and international tourists and internetpenetrationThe report details the government regulatory frameworks in the South Korean travelintermediaries industry, market entry routes adopted by international travel companies toenter the South Korean market and the expansion strategies of local and international travelcompaniesThe report also offers marketing strategies adopted by the large travel intermediaries in theSouth Korean market to attract and retain customersIt provides examples of key travel intermediaries companies operating in the South KoreanmarketBuy your copy of this report @ http://www.reportsnreports.com/reports/168360-emerging-opportunities-and-growth-prospects-in-the-south-korean-travel-intermediaries-industry-analyses-and-forecasts-to-2016.htmlKey highlightsThe South Korean travel intermediaries industry is projected to grow at a CAGR of 4.9%over the forecast period (2012–2016). The key growth drivers for this industry include thecountry’s rising average disposable income levels, the high number of businessopportunities, the lowering inflationary forecast, positive employment outlook, andincreasing volume of corporate and leisure travelers.
The Ministry of Culture, Sports and Tourism of the Republic of Korea now permits theestablishment of wholly foreign-owned travel agencies in the country and has also lifted therestrictions for foreign-invested travel agencies to establish branches in South Korea.The entry of leading foreign operators, such as Expedia, Carlson Wagonlit Travel and BCDTravel, in the highly fragmented South Korea online travel site market is expected to lead tosignificant consolidation over the forecast period.Metasearch engines is one of the innovative product strategies that travel intermediaries areoffering to their customers in order to provide fast services and to differentiate themselvesfrom the competition.Travel service providers are attempting to capitalize on the growing South Korean mobilephone base by offering travel applications that can allow users to make bookings from theirmobile phones.Major points covered in Table of Contents of this report include:1 Executive Summary2 South Korean Travel Intermediaries Industry Market Environment3 Market Size and Growth Potential of South Korean Travel Intermediaries4 Key Demand Drivers and Challenges for South Korean Travel Intermediaries5 Market Entry Strategy for South Korean Travel Intermediaries6 Marketing and Growth Strategies for South Korean Travel Intermediaries7 Competitive Landscape of the South Korean Travel Intermediaries Industry8 AppendixList of TablesList of FiguresBrowse reports related to Travel & Hospitality @http://www.reportsnreports.com/market-research/hospitality/Report Details:Published: June 2012No. of Pages: 42Price: Single User License – US$1950 Corporate User License – US$5850
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